Fees

For monthly minimum balances less than $500, a service charge of $5 per month applies

You will incur a $5 per month paper statement fee, if you fail to enroll in eStatements

2APY is Annual Percentage Yield. APY is accurate as of August 1, 2017. Rates subject to change without notice and may change after the account is opened. Fees may reduce earnings. Limit one account per household. Account owner(s) must be over 18 years of age.

You must have a minimum of ten (10) GBB Visa credit or "signature-based" debit card transactions that post and clear your account during the statement cycle. ATM and point-of-sale PIN-based transactions DO NOT count toward the ten (10). Transactions made during the statement cycle, but not posted will count toward the next statement cycle.

You must sign-up for eStatements. You must also access GBB online banking and view your eStatements at least once during each statement cycle.

You must have a minimum of one (1) Automated Clearing House (ACH) credit that posts to the account during the statement cycle.

Overdraft Protection

Overdraft protection gives you the opportunity to avoid costly overdraft charges. You choose deposit accounts from which to transfer funds in the event that one of your checking accounts becomes overdrawn. Transfers may only be made between deposit accounts.

How does it work?

During overnight processing the system will check your designated accounts after all checks, debit card transactions and automatic withdrawals have been processed looking for an overdraft. If your account is overdrawn, it will move funds from the checking, savings or money market account you designated to cover the overdraft. However, transfers will always follow the rules below:

The minimum amount that can be transferred is $100

The system transfers funds in increments of $100

If your donor account does not have enough funds to cover the entire overdraft, the entire balance of the donor account will be transferred to the recipient account despite the rules stated above.

For instance, if your checking account has a negative balance of ($255.13), $300 would be transferred from your designated savings account to cover the overdraft. Similarly, if your checking account has a negative balance of ($25.18), $100 would be transferred from your savings account to cover the overdraft.

Are there any fees?

You can enjoy the convenience of overdraft protection for a nominal fee of $5 per transfer.

Are there any transaction limitations?

Transfers made on behalf of overdraft protection are considered pre-authorized withdrawals. Savings accounts and money market accounts may not exceed 6 pre-authorized withdrawals per monthly account cycle. If you exceed this limit, a transfer may not be made to cover the overdraft.

How do I sign up?

To sign up, simply fill out and return to us the Overdraft Protection Agreement. You may want to obtain overdraft protection on more than one checking account. If so, you must fill in the form according to the priority you want the overdrafts to be covered in. These priority decisions will be important if your savings account does not contain enough funds to cover the overdrafts on both accounts.

For more information, contact us and ask for a customer service representative.

For a complete list of services we offer, see our Miscellaneous Fee Schedule.